Closing Bell 02 July 2025: Nifty Slides to 25,453, Bank Nifty Falls; IT Leads Amid Trade Deal Hopes
By CapitalKeeper | Closing Bell | Indian Equity | Market Moves That Matter
Indian markets closed lower on 2 July 2025, with Nifty at 25,453, Bank Nifty down 500 pts. Financials lagged despite US–India trade deal optimism; IT outperformed. Read sector breakdown, global cues, technical levels, and 5 trade ideas for next session.
📊 Market Snapshot – 02 July 2025
| Index | Open | Close | Change |
|---|---|---|---|
| Nifty 50 | 25,588.30 | 25,453.40 | –134.90 pts (–0.53%) |
| Bank Nifty | 57,558.20 | 56,999.20 | –559 pts (–0.97%) |
| Sensex | 83,790.72 | 83,409.69 | –381 pts (–0.45%) |
| Fin Nifty | 27,157.20 | 26,861.70 | –295.5 pts (–1.09%) |
- Nifty and Sensex ended lower, weighed by financial sector weakness.
- Bank Nifty dropped 1%, as IndusInd, HDFC Bank, SBI Card fell post-downgrades and sector-wide profit-taking.
- Eleven of thirteen sectors declined, while IT outperformed with a healthy 1.4% gain on trade deal optimism.
🌍 Global & Domestic Cues
- U.S.–India Trade Deal Optimism: President Trump signaled a potential agreement, increasing hopes that tariffs due July 9 may be avoided.
- Rupee and Dollar: USD/INR held firm near ₹85.7; broader currency movement muted.
- Global Markets: Asian markets were mixed; tech-linked IT outperformed amid global equity resilience .
- IT Sector Led: With firms gaining 1.4%, IT emerged as the best performing sector in today’s session.
🏭 Sectoral Performance
- Primary Laggers: Financials (–1%) and PSU Banks under pressure.
- IT outperformance: Infosys, TCS, HCL Tech rallying on global cues.
- Realty, Capital Goods, Media, Oil & Gas: All ended in red (–0.4% to –1.4%).
- Metals (+1.3%) and Consumer Durables (+1%) bucked trend—Tata Steel, JSW Steel, UltraTech, Hero MotoCorp leading gains.
📉 Technical Outlook
- Nifty 50
- Daily range noted 25,450–25,650.
- Key support around 25,400, resistance at 25,550–25,600.
- Momentum neutral to slightly bearish; RSI trending lower.
- Bank Nifty
- Support at 56,800–57,000, resistance near 57,500.
- Drop may present a short-term buying opportunity if global tailwinds persist.
🔥 Top 5 Trade Ideas for Monday
| Stock | CMP (₹ approx) | Trade Rationale |
|---|---|---|
| TCS | ₹3,423 | Trade-resilient IT bounce; buy near support |
| Infosys | ₹1,610 | Global demand optimism; technical support zone |
| Punjab National Bank | ₹113 | PSU bank beaten down; value rebound play |
| Tata Steel | ₹165 | Metal strength on global themes; momentum entry |
| Maruti Suzuki | ₹12,622 | Auto segment bounce; cyclical recovery signal |
📌 Strategy & Risk Management
- IT stocks remain tactical defensive plays, buy on dips near technical support.
- Watch financials for stabilization—key to next up-leg.
- Trade ranges: Nifty in 25,400–25,600 zone; Bank Nifty around 57k—trade with tight stops.
📌 For more real-time updates, trade setups, and investment insights follow us on [Telegram] and subscribe to our newsletter!
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.By using this website, you agree to the terms of this disclaimer